RWWM Inc. Buys 19,071 Shares of Whirlpool Corporation $WHR

RWWM Inc. increased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 329,867 shares of the company’s stock after acquiring an additional 19,071 shares during the period. Whirlpool accounts for 2.8% of RWWM Inc.’s holdings, making the stock its 11th largest position. RWWM Inc.’s holdings in Whirlpool were worth $33,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Cheviot Value Management LLC bought a new position in shares of Whirlpool during the 1st quarter worth approximately $36,000. Ransom Advisory Ltd acquired a new position in Whirlpool in the first quarter valued at about $38,000. Legend Financial Advisors Inc. acquired a new position in Whirlpool in the second quarter valued at about $51,000. Bogart Wealth LLC boosted its position in Whirlpool by 80.6% in the second quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after buying an additional 228 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its position in Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after buying an additional 244 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WHR shares. Stifel Nicolaus dropped their price target on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday. The Goldman Sachs Group dropped their price target on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 13th. Bank of America reaffirmed an “underperform” rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $86.43.

Whirlpool Stock Down 3.8%

NYSE WHR opened at $71.74 on Friday. The stock has a fifty day moving average of $82.59 and a 200-day moving average of $85.91. The stock has a market capitalization of $4.03 billion, a P/E ratio of -21.35 and a beta of 1.17. Whirlpool Corporation has a 52 week low of $71.00 and a 52 week high of $135.49. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.41 by $0.68. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $3.43 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, November 21st. Whirlpool’s dividend payout ratio is currently -107.14%.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.